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Kohl's initiated with a Buy at Goldman Sachs

Goldman Sachs started Kohl's with a Buy rating and $91 price target. The firm initiated the Apparel & Accessories space with an Attractive view on department stores and off-price retailers.

KSSKohl's

$79.10

0.86 (1.10%)

08/22/18

MKMP

08/22/18NO CHANGETarget $81MKMPNeutral

Kohl's price target raised to $81 from $63 at MKM Partners

MKM Partners analyst Patrick McKeever raised his price target on Kohl's to $81 after a "very good" Q2, saying its comps were modestly better than expected and gross margins were strong as the company maintained a "lean inventory" in the quarter. While acknowledging that he missed the stock's 45% year-to-date run, McKeever adds that he remains concerned about Kohl's store traffic which he estimates to be negative. The analyst also anticipates comps to slow in the second half of the year against more difficult compares, keeping his Neutral rating on Kohl's.

08/22/18

RBCM

08/22/18NO CHANGETarget $82RBCMSector Perform

Kohl's price target raised to $82 from $69 at RBC Capital

RBC Capital analyst Brian Tunick raised his price target on Kohl's to $82 after its "robust" Q2 results and "strong" comps thanks to the company's product and marketing initiatives along with a gross margin recovery coming from its "tight inventory management". The analyst states that he is more confident in Kohl's ongoing sales improvements and favorable macro environment combining to achieve an upside to the company's guidance. Tunick also keeps a Sector Perform rating on the shares, noting that the growing "secular pressures make a more meaningful comp recovery unlikely".

08/23/18

MSCO

08/23/18NO CHANGETarget $51MSCOUnderweight

Kohl's price target raised to $51 from $45 at Morgan Stanley

Morgan Stanley analyst Kimberly Greenberger maintained an Underweight rating on Kohl's but raised her price target to $51 from $45 following the company's Q2 earnings report, telling investors in a research note that Kohl's delivered an "excellent" 12 EPS beat, and its "clean" inventory bodes well for gross margin going forward. However, Greenberger wonders whether management set the comp bar too high for the second half of the year and is concerned about the lack of traffic growth driving the comp.

Baird analyst Jonathan Komp noted that while Dick's Sporting Goods (DKS) reported its own "disappointing" earnings, the company called out continued sales challenges for Under Armour (UAA), which it attributed to expanded distribution. He believes current sporting goods disruption for Under Armour is already reflected in the company's 2018 earnings guidance and also believes other mid-tier channels have continued to show strong sales performance, pointing out that Kohl's (KSS) saw Under Armour accelerate in Q2. Komp, who views the selloff on Dick's comments a "compelling buying opportunity," keeps an Outperform rating and $27 price target on Under Armour Class A shares.